Macau’s gross gaming revenue is believed to have reached MOP$7.4 billion (US$922 million), or MOP$822 million (US$102 million) per day, through the first nine days of February, with “solid tail-end” demand following the recent eight-day CNY Golden Week holiday helping soften the blow from a soft Chinese New Year itself.
According to channel checks by investment bank JP Morgan, the days following Golden Week – which ran from 28 January to 4 February – have been “better than feared” at MOP$725 million (US$90 million) per day, “somewhat offsetting the weakness from LNY. Net-net, the month-to-date run-rate remains within expectations, albeit being on the lower-end.”
